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The combination of the mortgage drought and falling house prices is causing many would-be buyers to sit on their hands until the outlook for the housing market is clearer and mortgage rates have come.
Simon Read, head of business development. temporarily withdrawing from the mortgage market. The group, which also lends to people with impaired credit histories, had already reduced loan amounts.
A husband and wife are facing charges after authorities say they used their South Florida real estate business to steal mortgage and rental payments.. Couple Stole Mortgage, rental payments: mdpd. The couple sold drugs, stole Scott’s tools and had screaming arguments in the middle of the night – right over the heads of Scott’s two children.
Mortgage rates rose to nearly 5% last fall as the Fed raised interest rates. With the Fed now putting rate hikes on hold, borrowing costs have declined. In February, sales of existing homes jumped by.
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